Golden Goliath arranges financing up to $1-million

Mar 9, 2021

2021-03-09 17:53 ET – News Release

Mr. Paul Sorbara reports

GOLDEN GOLIATH ANNOUNCES PRIVATE PLACEMENT

Golden Goliath Resources Ltd. has arranged a private placement of up to $1-million. The financing will consist of a combination of flow-through units priced at 11.5 cents with a half warrant priced at 20 cents, and non-flow-through units priced at 10 cents with a full warrant priced at 20 cents. Each full warrant will entitle the holder to purchase an additional common share at a price of 20 cents for a period of 24 months from the date of closing of the private placement. This private placement is being offered on a non-brokered basis and the units will be subject to a statutory hold period of four months and a day from the closing date of the offering. The company may pay a finder’s fee of up to 6 per cent on a portion of the gross proceeds of the private placement. The offering remains subject to regulatory approval.

The company intends to use the net proceeds of the offering to increase the size of the drilling program on the company’s Kwai property in the Red Lake mining district. The current drill program is already fully financed.

About Golden Goliath Resources Ltd.

Golden Goliath is a junior exploration company focused on exploring and developing the gold and silver potential of properties in the Red Lake district of Ontario. The company also holds a 100-per-cent interest in the San Timoteo property located in the Sierra Madre Occidental mountains of northwestern Mexico, as well as net smelter return royalties on several other nearby properties.

We seek Safe Harbor.

https://www.goldengoliath.com/